Overture Error (3)Object reference not set to an instance of an object. Standard Trust Deed – Lose your debt

Standard Trust Deed

Standard Trust DeedStandard Trust Deed

A standard Trust Deed is a way of becoming debt free in just three years. Similar to an IVA (Individual Voluntary Arrangement) in the UK, a standard Trust Deed is used in Scotland. Get your creditors off your back and let an Insolvency Practitioner come to an affordable arrangement with those to whom you owe money. Relieve the stress of constant letters and phone calls and just pay what you can afford each month. A standard Trust Deed could:  

  • Relieve you of unsecured debts of more than £10,000. Pay what you can for three years and the rest could be written off
  • If your creditors do not object to the standard Trust Deed becoming protected within five weeks, it will become a protected Trust Deed and will prevent your creditors from taking further action such as Sequestration (Bankruptcy)  

A standard Trust Deed is a legally binding agreement and if you fail to meet your side of the agreement could result in a penalty. In extreme cases homeowners could be forced to sell if they cannot make the payments through other means. Whatever your debt problems or solutions it is important to speak to a debt specialist before taking any action. With a standard Trust Deed a qualified Insolvency Practitioner will be acting on your behalf but you must stick to the payment plan because the Insolvency Practitioner also has the best interests of your creditors in mind. Speak to an expert today, fill in the form below and one of our debt specialists will be in touch.